Ceres Power (LON:CWR) Shares Up 15.1% - What's Next?

Key Points

• Ceres Power's share price increased by 15.1% on recent trading, closing at GBX 190 ($2.56), significantly up from GBX 165.10 ($2.23).
• The company reported negative earnings of GBX (10.14) per share and anticipates a projected EPS of -12.44 for the current fiscal year.
• Ceres Power is recognized for its innovative clean energy technologies, including green hydrogen production and fuel cells, which target emissions-intensive industries.

Ceres Power Holdings plc (LON:CWR - Get Free Report)'s share price shot up 15.1% on Friday . The company traded as high as GBX 192 ($2.59) and last traded at GBX 190 ($2.56). 4,376,311 shares were traded during mid-day trading, an increase of 140% from the average session volume of 1,824,499 shares. The stock had previously closed at GBX 165.10 ($2.23).

Ceres Power Stock Up 15.1%

The company has a market cap of £368.26 million, a price-to-earnings ratio of -1,297.81 and a beta of 1.60. The company has a current ratio of 6.48, a quick ratio of 12.18 and a debt-to-equity ratio of 1.54. The business has a fifty day moving average of GBX 121.61 and a two-hundred day moving average of GBX 90.09.

Ceres Power (LON:CWR - Get Free Report) last announced its earnings results on Friday, September 26th. The company reported GBX (10.14) earnings per share for the quarter. Ceres Power had a negative return on equity of 22.96% and a negative net margin of 101.69%. As a group, equities analysts anticipate that Ceres Power Holdings plc will post -12.4426979 EPS for the current fiscal year.

About Ceres Power

Ceres is a leading developer of clean energy technology: electrolysis for the creation of green hydrogen and fuel cells for power generation. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest companies, such as Bosch, Doosan, Delta and Weichai. Ceres' solid oxide technology supports greater electrification of our energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia and future fuels.

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